26/10/2019
Hot cross buns 😂😂
The Puggle Bank
The Puggle Bank is a set of tools that will provide the building blocks of financial knowledge for the next generation.
Give your child the gift of financial literacy, for them and their future.
Operating as usual
26/10/2019
09/09/2019
Some debt is bad and some debt is good. But which is which?
If you borrow money to buy something and the value of that thing decreases over time, that's considered bad debt. Because the actual price tag of the something + the interest you had to also pay = an amount of money that is higher than the value of the thing itself. So the result at the end of the day is less money in your pocket.
But if you borrow money to buy something that INCREASES in value over time, then hopefully that thing increases more than the amount of interest you are paying back each month or year. Then, the result will be MORE money in your pocket.
Bad Debt examples: Credit cards, personal loans
Good Debt: Student loans, home loans etc.
NOTE: All loans and the things they buy need very careful consideration before you buy them. We will be talking about asset valuation soon!
08/09/2019
01/09/2019
01/09/2019
Go straight to www.thepugglebank.com/takethetest to test your financial acumen, then get your kids to do it too and receive tips to start financial literacy at home!
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